Singles Day Archives - Inside Retail Asia
Alibaba’s Singles Day kicked off at minute and this year it took just 68 seconds for the first US$1 billion in turnover.
While eye-popping sales numbers have become routine for Alibaba’s Singles Day on 11.11, Forrester senior analyst Xiaofeng Wang expects this year’s event will be “grander than ever”.
L’Oreal Asia Pacific sales soared by a staggering 24.1 per cent on a like-for-like basis last year.
November Singapore retail sales were static, rising just 0.2 per cent year on year.
South Koreans are spending more at Chinese online stores, according to credit-card spending data.
China’s slowing economy was the primary reason for the slowing growth of sales on Alibaba’s Singles Day on Sunday.
E-commerce giant sees $42 billion in transactions over 24 hour period.
Tmall and Swire Properties are launching a New Retail initiative creating tailored retail experiences at Swire Properties’ five mainland malls.
Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report.
Alibaba and its partner retailers will face a massive challenge ensuring flawless delivery of millions of parcels on Singles Day 2018.
Shoe retailer Skechers posted a 27 per cent increase in sales in the last quarter, powered by a 40 per cent increase in international wholesale sales.
Continuing momentum in Alibaba Group’s ‘New Retail’ business helped drive a 56 per cent year-on-year growth in sales for the quarter to December 31.